The British Pound has seen a partial retreat against the USD ahead of the Bank of England's interest rate announcement. It's widely anticipated that rates will remain steady at 5.25%. Consequently, attention is likely to be directed towards the voting split among the nine-member Monetary Policy Committee and the accompanying commentary, as these factors could...
The U.S. dollar has also seen a sharp correction during this period, which I believe many traders have seen. The market has also put relatively much pressure on the US dollar. At the same time, it serves as the most valuable storage currency. There was also a sharp decline under the influence of geopolitical sentiment. TVC:DXY But I don't think the dollar...
I was expecting a retrace on GBPUSD and here you are. The limit order i shared some days ago worked perfectly and we easily made 90+ pips with one position only, and also the first entry is in profit. I am break even with both positions, and i am holding the trades till the support zone i drawed on the chart. There i will looks for a reversal pattern to enter long
MUFG predicts that the Bank of England (BoE) may signal its readiness to lower interest rates soon, potentially starting as soon as the upcoming meeting. Recent statements from MPC members and upcoming inflation forecasts support a shift towards a more dovish policy stance. Key points: Policy rate expectations: BoE will likely maintain the current policy rate...
Time Frame: 4H Symbol: GBPUSD Entry: 1.25376 TP: 1.24319 SL: 1.26389 Bias: Short For GBPUSD pair we are wanting to short considering the reach bound cost activity and closest help and obstruction levels. Assuming important cost vacillations occur, our projection might hold water.
GBP-USD is trading in an Uptrend and the pair broke The falling resistance Which is now a support Then made a retest and Is going up again so I think That we will see a further move up!
Time Frame: 4H Symbol: GBPUSD Entry: 1.25814 TP: 1.24728 SL: 1.26811 Bias: Short The new cost design shows a few fair opportunities for the important matches. Taking into account the current hole and the help and obstruction we have projected the impending price moves.
The trend of the US dollar is as I predicted. This can be seen directly from the trend chart of the Asian market. The U.S. dollar index is currently showing an oversold rebound trend. The key thing to pay attention to is the pressure level above, which is around 105.3-105.5 to see if it can stand firm. In trading, EURUSD and GBPUSD can be sold at a higher price...
Hello traders, we want to check the GBPUSD chart. The price is moving in an ascending channel and has made a pullback after breaking through a resistance zone. We expect the price to maintain its upward trend and the price will grow to around 1.26600. Good luck.
36K long removed by last 4 weeks & 20K shorts increased. Net position 57k shorts increase by last 4 weeks. longer term view by 10 weeks 48k long removed, 27k shorts increased. Net position changed by last 10 weeks increased 75k shorts. 23% shorts increased by last 4 weeks while 29% shorts increased by last 10 weeks. Net impact is bearish by Non-Commercials....
GU smash target 80 pips NFP played out perfectly.. This move only took 1 min.. Its a great week in general.. We continue bagging next week.
Hello everyone, GBPUSD 4H NEW FORECAST The price of the pound sterling against the dollar is trading with noticeable positivity after consolidating above the 1.2480 level, heading towards a possible test of the 1.2580 level, and we expect the bullish tendency to continue in the immediate term to exceed this level and achieve additional gains up to...
Time Frame: 4H Symbol: GBPUSD Entry: 1.25635 TP: 1.26845 SL: 1.24632 Bias: Long For GBPUSD we will go long as the powerful help is supporting the pair. At present the cost is going up in little advances. The pattern might proceed assuming there is no significant news flare-up.
The dollar index and dollar index futures were both steady in Asian trading after falling 0.6% in overnight trading. Pressure on the USD comes from a strong yen, while Fed Chairman Jerome Powell reiterated that the bank will not raise interest rates further. However, the outlook for the dollar remains upbeat thanks to the prospect of a Fed rate cut being pushed...
GBP/USD tumbles below crucial 1.2500 as bears move in GBP/USD turned south and dropped below 1.2500 in the American session on Thursday. The US Dollar continues to push higher following the Fed-inspired decline on Wednesday and doesn't allow the pair to regain its traction. From a technical standpoint, the GBP/USD is showing a neutral to downward bias. This is a...
Currently out of my sell signal. PA gave a signal on 4H and I am taking it for a spin. A break of resistance will require a pullback. Target at 1.26300 with my entry at1.25550 Let the bagging begin.
Coming up: BOE's rate decision week Morgan Stanley has asserted that the Bank of England might still opt for an interest rate cut in the coming week, a stance that stands out amidst dwindling market confidence in such a move. Morgan Stanley’s opinion diverges notably from the consensus, which suggests an initial rate cut by the BOE in September. Backing Morgan...
Time Frame: 4H Symbol: GBPUSD Entry: 1.25213 TP: 1.23979 SL: 1.26376 Bias: Short It is difficult to provide real-time or future forecasts for financial markets. It is critical to take note of that monetary business sectors are profoundly powerful and dependent upon a large number of elements that can influence their developments. Therefore, it is...